Thelenderwillwanttoseetheextentofworkdescribedwithacostanalysisworksheet and timeline. Thelenderusesthisasa guideinreleasingcapitalforrehabilitationgoals. Nothingevergoesasplannedwhenperformingarehab; hencethelenderwillwanttoseetheborrowersexpertiseinperforming or managingreal estaterepairs.Thelenderrequireaninspection to be made after each draw is completeandwillreleasefundsindrawsforsuchrepairsthatarelisted. Thelendermay alsorequirea credit report and income statementfrom theborrowerto showthat theborrowerhastheabilitytorepaytheloan.Yet,hardmoneylendersfocuschieflyontheassetvalueofthecollateraland neverthecreditscore.

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